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Investments Market jitters drive gold price to record high
The Guardian
|April 23, 2025
Gold has climbed above $3,500 an ounce for the first time while stocks on Wall Street and the dollar rose following Monday's sell-off which was prompted by Donald Trump's blistering attack on the Federal Reserve chair, Jerome Powell.
Spot gold reached the record price of $3,500.01 (£2,615) yesterday, extending a rally that has pushed bullion up from $2,623 an ounce at the start of this year. Analysts now predict the metal could even reach $4,000, only a matter of weeks after the price moved through $3,000 for the first time.
The US currency and its government debt are usually seen as a safe haven during times of market turmoil, but as the US itself has caused much of the recent volatility investors have been turning to gold in large numbers.
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